Fed Cracks Down on New Mergers at the Biggest Banks

By: Thursday December 13, 2012 9:15 am

I do go on about the lack of regulation at the big banks. But I’ll have to grant the Federal Reserve a modicum of credit for this action: The Federal Reserve is pushing large U.S. banks to forget about all but the smallest acquisitions for a while amid a raging debate over the risk big [...]

DoJ Moves to Block AT&T/T-Mobile Merger

By: Wednesday August 31, 2011 8:50 am

The Justice Department has filed an antitrust complaint, blocking the proposed merger of AT&T and T-Mobile. The U.S. government sued to block AT&T Inc. (T)’s proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market. AT&T shares fell as much as 5 percent. In the complaint [...]

Banks Decline Amid Lesser Depression

By: Monday August 29, 2011 8:55 am

I know everyone will feel really compassionate about the fact that banks have fallen on hard times. Battered by a weak economy, the nation’s biggest banks are cutting jobs, consolidating businesses and scrambling for new sources of income in anticipation of a fundamentally altered financial landscape requiring leaner operations. Bank executives and analysts had expected [...]

Corporations Using Cash Reserves for Mergers

By: Tuesday March 29, 2011 9:55 am

Great news! Corporations are starting to spend their money again. I knew if we just waited a while they would make the world safe for capitalism! Those 14 million just needed some patience. See, they’re starting to use that storehouse of record profits! OK, granted, they’re using the money to buy other companies in takeovers [...]

AOL Purchases Huffington Post

By: Monday February 7, 2011 6:35 am

America On-Line finally figured out how to pulp all those CDs and turn them into bills, because they just up and purchased the Huffington Post for $315 million. The transaction will create a premier global, national, local, and hyper-local content group for the digital age – leveraged across online, mobile, tablet, and video platforms. The [...]

Franken Assails FCC, DoJ Approval of Comcast-NBC Merger

By: Tuesday January 18, 2011 12:49 pm

Earlier today, the FCC and the Justice Department ruled in favor of the merger between Comcast and NBC Universal, creating one of the largest media conglomerates in the world and setting an unadvisable template for one company to combine the power of media and the Internet. Sen. Al Franken, who has been a lonely critic [...]

Corporations Using Cash Reserves for Mergers, Overseas Job Growth

By: Tuesday December 28, 2010 9:48 am

Earlier I mentioned that the financial crisis and Great Recession led to consolidation in the banking sector. That’s also true outside the banking sector. Over the past year, corporate mergers have returned with a vengeance, up 19%. While still below the heights of the bubble years, this tendency toward mergers and acquisitions has been the [...]

FCC Commissioners Copps, Clyburn Strongly Support Open Internet

By: Friday August 20, 2010 6:10 am

Two FCC Commissioners and one US Senator slammed the Google-Verizon joint policy agreement and strongly endorsed the principle of net neutrality last night at a hearing before hundreds of citizens in Minneapolis, giving the Chairman of the federal agency Julius Genachowski all of the support he would need to regulate broadband Internet, if he so [...]

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